House Republicans have chosen Rep. French Hill (R-Ark.) to lead the influential Financial Services Committee, placing a crypto advocate in charge of Wall Street’s congressional oversight body. This position will be crucial as legislative efforts for the crypto industry begin next year. Hill secured the chairmanship after a second-round vote, beating out three other crypto-friendly contenders.
The committee under Hill will scrutinize alleged regulatory efforts to restrict crypto companies’ access to banking services. Hill is expected to assume the chairmanship when the new congressional session begins on January 3.
Source
<p>The post Rep. French Hill Selected to Lead House Financial Services Committee Amid Crypto Regulatory Shift first appeared on CoinBuzzFeed.</p>